Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
56 hedge funds and large institutions have $47.3M invested in Blackrock Municipal 2020 Term Trust in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 12 closing their positions.
50% more capital invested
Capital invested by funds: $31.5M → $47.3M (+$15.8M)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
2% less funds holding
Funds holding: 57 → 56 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.3M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.98M |
| 3 |
MWM
Maltin Wealth Management
Ridgewood,
New Jersey
|
+$3.12M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.66M |
| 5 |
OCA
Otter Creek Advisors
Palm Beach Gardens,
Florida
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$835K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$670K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$578K |
| 4 |
Morgan Stanley
New York
|
-$571K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$565K |
BKK Hedge Fund Activity: Q1 2020 in Review
56 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q1 2020, worth a combined $47.3M — up 50% from $31.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BKK positions and 12 closed out — a net gain of 2 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $8.3M. The largest seller was Walter & Keenan Wealth Management, exiting entirely with an estimated $835K sold.
- 56 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q1 2020, down from 57 in Q4 2019.
- Funds reported $47.3M of Blackrock Municipal 2020 Term Trust stock for Q1 2020, up 50% quarter-over-quarter.
- 14 funds opened new Blackrock Municipal 2020 Term Trust positions in Q1 2020 and 12 closed out, a net change of +2 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $8.3M added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q1 2020 was Walter & Keenan Wealth Management, an estimated $835K sold.
Based on aggregated 13F filings for Q1 2020.